North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 12 - GENERAL CONTRACTORS
Subchapter A - GENERAL PROVISIONS
Section .0500 - LICENSE
Section 12A .0503 - RENEWAL OF LICENSE
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Applications for renewal of license shall contain the following:
(b) A licensee shall submit an audited financial statement as evidence of continued financial responsibility in accordance with Rule .0204 of this Chapter if the Board finds that the licensee is insolvent, financially unstable, or unable to meet its financial responsibilities based upon the information provided in the renewal application.
(c) A licensee shall provide the Board with a copy of any bankruptcy petition filed by the licensee within 30 days of its filing. A licensee in bankruptcy shall provide to the Board an agreed-upon procedures report on a form provided by the Board or an audited financial statement with a classified balance sheet as part of any application for renewal.
(d) A corporate license shall not be renewed unless it is in good standing with the N.C. Department of the Secretary of State.
(e) Upon receipt of a written request by or on behalf of a licensee who is currently in good standing with the Board, is serving in the armed forces of the United States, and to whom G.S. 105-249.2 grants an extension of time to file a tax return, the Board shall grant that same extension of time for complying with renewal application deadlines, for paying renewal fees, and for meeting any other requirement or conditions related to the maintenance or renewal of the license issued by the Board. The applicant shall furnish to the Board a copy of the military orders or the extension approval by the Internal Revenue Service or by the North Carolina Department of Revenue.
(f) If a licensee's status is invalid for reasons other than those set forth in G.S. 87-10.2(h) and the licensee requests to renew his, her, or its license, the licensee must submit proof of completion of six elective hours of continuing education for each year not previously renewed and for the current license year and two mandatory hours for the current year.
Authority
G.S.
87-1;
87-4;
87-10;
87-10.2;
87-12;
87-13;
93B-15;
Eff. February
1, 1976;
Readopted Eff. September 26, 1977;
ARRC
Objection March 19, 1987;
Amended Eff. May 1, 1989; August 1,
1987;
Temporary Amendment Eff. June 28, 1989 for a period of 155
Days to Expire on December 1, 1989;
Amended Eff. December 1,
1989;
RRC Removed Objection of March 19, 1987 Eff. August 20, 1992
based on subsequent amendment;
Amended Eff. September 1,
1992;
Temporary Amendment Eff. May 31, 1996;
Amended
Eff. April 1, 2014; June 1, 2011; June 1, 2003; April 1, 2003; August 1, 2002;
April 1, 1997;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. July 23, 2016;
Amended Eff.
September 1, 2019;April 1, 2018;
Recodified from
21 NCAC
12 .0503 Eff. January 2, 2020;
Temporary Amendment Eff. January 2, 2020;
Amended Eff. July 1,
2021; September 1, 2020.